Jazz Pharmaceuticals Explores Asset Sale Option, Possibly Cannabinoid Business: Report
Portfolio Pulse from Lekha Gupta
Jazz Pharmaceuticals PLC (NASDAQ:JAZZ) is reportedly exploring strategic options including a potential sale or divestment of parts of its business. The company could separate its cannabinoid business from its oncology operations. JAZZ reported a 3% increase in Q2 FY23 revenues, reaching $957 million. The company's shares are trading higher by 1.74% at $134.33.
October 20, 2023 | 2:17 pm
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Jazz Pharmaceuticals is exploring strategic options including a potential sale or divestment of parts of its business. This could lead to increased investor interest.
The news of Jazz Pharmaceuticals exploring strategic options including a potential sale or divestment of parts of its business could attract investors who are looking for potential growth opportunities. This could lead to an increase in the company's stock price in the short term.
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